IBM Partners with Ingram Micro and 3 Dow Movers Making Waves
General Electric Company (NYSE:GE): Current price $21.20
GE Oil & Gas has been awarded a contract with a value in excess of $500 million to provide turbomachinery equipment and services to Petrobras (NYSE:PBR). The arrangement will serve the four new floating production, storage and offloading units in the Cesso Onerosa region of the Santos Basin pre-salt fields in the state of São Paulo. Besides core equipment, the new contract includes technical help for installation and commissioning start-up and extensive services like repair, dedicated local field service engineers and customer training.
Hewlett-Packard Company (NYSE:HPQ): Current price $16.48
Hewlett-Packard appears to be changing its Autonomy business unit, with layoffs for starters. All Things D received an internal memo from an HP spokesperson saying that the firm announced Monday it is letting go some of its workforce. No figures were supplied, but All Things D estimates 70 people. At the same time, at least 50 engineers were recruited for its research and development team.
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International Business Machines Corporation (NYSE:IBM): Current price $191.62
While expanding its data center portfolio and expertise, Ingram Micro (NYSE:IM) said it has earned the authorization to market, sell and provide support to IBM Power Systems and enterprise-class storage product families to certified IBM Business Partners within the United States.
Johnson & Johnson (NYSE:JNJ): Current price $72.28
Johnson & Johnson is experiencing manufacturing difficulties of Tylenol and the matter has disrupted supplies for more than three years. CVS Corporation (NYSE:CVS) is presently only obtaining sufficient amounts to stock around half of its 7,400 domestic stores, so it has changed the stocking procedure to eliminate empty spots on shelves where the medication should have been, says Reuters.
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